Explore the Archive
- Risk Notices Ltd
- Risk Notices SA
- Default Fund Notices SA
- Circulars
- Flash infos Bonds & Repos
- Flash infos Derivatives
- Flash infos Equities
- Flash infos Other
- Fixed Income Notices Ltd
- Legal Notices SA
- Membership Notices SA
- General Information
- General Member Meetings
- Press Releases
- SA Completion of Application Documentation
- SA Clearing Specifications
- SwapClear Legal Documentation
| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3113 |
| Service Circular No: | OTC Bullion No 010 |
| Date: | 06 March 2012 |
| To: | All LCH.Clearnet EnClear Clearing Members
(Precious Metals Division) |
Margin Rate Changes for OTC Gold
LCH.Clearnet Ltd has set the London SPAN parameters as marked in bold and italic in the spreadsheet below. This circular supersedes circular LCH.Clearnet / 3075; LCH Gold Bullion / 007 dated 31 January 2012.
Changes have been made to OTC Gold Bullion contract.
The margin review changes will take place with effect from close of business Thursday 08 March 2012 and will be reflected in margin calls made on Friday 09 March 2012.
Details of the current London SPAN Parameters, for the OTC Gold Bullion contract, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
For further information please contact the following:
Risk Operations 020 7426 7520
Nicholas Lincoln
Director, Market Risk